Southwestern Energy (NYSE:SWN) Rating Reiterated by Piper Sandler

Southwestern Energy (NYSE:SWN)‘s stock had its “neutral” rating reaffirmed by analysts at Piper Sandler in a report released on Friday, Marketbeat reports. They presently have a $7.00 target price on the energy company’s stock, down from their prior target price of $8.00. Piper Sandler’s price target points to a potential downside of 3.98% from the company’s previous close.

A number of other research firms have also weighed in on SWN. UBS Group raised their price objective on Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research report on Thursday, January 18th. StockNews.com began coverage on Southwestern Energy in a research report on Friday, April 12th. They set a “hold” rating for the company. Mizuho raised Southwestern Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $6.00 to $9.00 in a research report on Monday, February 26th. Susquehanna increased their target price on Southwestern Energy from $6.50 to $7.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $6.60 target price (down from $8.50) on shares of Southwestern Energy in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.04.

Southwestern Energy Trading Up 0.1 %

NYSE SWN opened at $7.29 on Friday. Southwestern Energy has a fifty-two week low of $4.57 and a fifty-two week high of $7.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day simple moving average of $7.13 and a two-hundred day simple moving average of $6.82. The stock has a market cap of $8.03 billion, a P/E ratio of 5.17 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company earned $0.26 EPS. The business’s revenue was down 49.9% compared to the same quarter last year. On average, analysts forecast that Southwestern Energy will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Southwestern Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fruth Investment Management increased its stake in Southwestern Energy by 14.4% during the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock worth $92,000 after acquiring an additional 1,536 shares during the last quarter. Lindbrook Capital LLC increased its stake in Southwestern Energy by 30.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,564 shares during the last quarter. Creative Planning increased its stake in Southwestern Energy by 2.0% during the fourth quarter. Creative Planning now owns 81,202 shares of the energy company’s stock worth $532,000 after acquiring an additional 1,592 shares during the last quarter. D.A. Davidson & CO. increased its stake in Southwestern Energy by 7.2% during the first quarter. D.A. Davidson & CO. now owns 24,715 shares of the energy company’s stock worth $177,000 after acquiring an additional 1,668 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Southwestern Energy by 0.5% during the third quarter. Teacher Retirement System of Texas now owns 352,696 shares of the energy company’s stock worth $2,275,000 after acquiring an additional 1,889 shares during the last quarter. 86.97% of the stock is owned by institutional investors.

Southwestern Energy Company Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.